RBI governor D Subbarao met Finance Minister Pranab Mukherjee today and reviewed the macro- economic situation, ahead of the central bank's monetary policy review next week.

"I reviwed the macro-economic situation with the Finance Minister," Subbarao told reporters after the meeting.

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The RBI will come out with its monetary review on October 27. It is widely expected to maintain a status quo on policy rates, despite inflationary pressure.

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